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Report Shows Illicit Alcohol Production Is A Key Contributor to Tax Leakage

Report Shows Illicit Alcohol Production Is a Key Contributor to Tax Leakage

The Uganda Alcohol Industry Association recently released a report indicating that illicit alcohol production is one of the country’s biggest tax leakages. The report showed that the production of illicit alcohol is one of those big tax leakages. Apparently, it costs the government huge sums of money in taxes. ‘’Tax leakage is driven by wide-scale under-declaration of production of spirits. ...

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Museveni Hails MTN’s Plan To List On Stock Exchange

Museveni Hails MTN’s Plan To List On Stock Exchange

Mobile telecommunications company MTN recently shared its plan to list in Uganda’s stock exchange. It said it will allow Ugandans and Africans to be partners in the company’s activities, an idea the president of Uganda hailed. On Wednesday, a meeting between Mr. Museveni and MTN officials happened at State House. The president thanked the MTN leadership led by the board ...

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Museveni To MTN Uganda; You Made Great Move To Localize Your Businesses

Museveni to MTN Uganda; You Made A Great Move To Localize Your Businesses

President Museveni has commended MTN Uganda for localising their business. This has come after MTN announced its move to float 20% of its shares on the Uganda Securities Exchange. Apparently, the move will allow Ugandans and Africans to be partners in all the activities of the company. “Localisation is very important. It removes nationalism in business where all people become ...

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Herbert Olowo Appointed Head Of Operations, IT At Absa Bank Uganda

Herbert Olowo Appointed Head Of Operations, IT At Absa Bank Uganda

Absa Bank Uganda has announced the appointment of Herbert Olowo as the Head of Operations and Information Technology (IT) at the bank. The bank released a statement on Monday and described Olowo as one with vast experience in Information Technology. The statement said he has experience with IT for about 21 years. ‘’Prior to joining Absa, Herbert Olowo was the ...

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Why Effective Quality Management System Is Critical For Your Business

Why Effective Quality Management System Is Critical For Your Business

Given its numerous requirements and high standards, a quality management system (QMS) may appear intimidating at first. It can be hard to understand all the technical concepts–you may even begin to doubt if your company requires a formal QMS, especially if it operates on a small scale. A QMS standard intended to serve as a foundation for guiding a company ...

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